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Galaxy Digital secures rare New York crypto license to tap US’s largest institutional market
May 18, 2026
< 1 min read
by Nellius Irene
for CryptoPolitan
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AI Overview
Galaxy Digital secured a BitLicense and a Money Transmission License from the New York State Department of Financial Services, enabling its GalaxyOne Prime NY subsidiary to offer direct crypto trading and custody services in New York. This hard-won regulatory approval enhances institutional trust, compliance and adoption prospects for Galaxy and the broader crypto ecosystem, potentially supporting growth, partnerships and improved market access.
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Galaxy Digital has secured one of the most difficult crypto approvals in the US after receiving a BitLicense and a Money Transmission License from the New York State Department of Financial Services. The approval allows the company to directly offer digital asset trading and custody services in New York through its subsidiary, GalaxyOne Prime NY. ...
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